Early Beginnings of Trade The history of international trade dates back to prehistoric times when prehistoric people traded goods and services to satisfy their respective needs. The first international traders were the merchants of the East Mediterranean coast, who bought and sold goods to other nations as early as 3,000 BC. The Silk Road, a … Read more
In this article, we will explore the most commonly used abbreviations in international trade, providing you with a thorough understanding of the terms and their implications. Each abbreviation will be concisely explained in one or two paragraphs, giving you a clear and accessible resource for navigating the complex world of global commerce. Read on to … Read more
Customs procedures and documentation are critical aspects of international trade that every exporter and importer must understand and comply with to ensure the smooth movement of goods across borders. Each country has its unique set of customs regulations, which can make the process complex and time-consuming for busy traders. This comprehensive guide provides a country-by-country … Read more
E-commerce has revolutionized the way businesses and consumers interact, breaking down geographical barriers and transforming the global marketplace. As digital platforms continue to evolve and gain prominence, understanding the impact of e-commerce on international trade is crucial for businesses looking to adapt and thrive in this rapidly changing landscape. This article will explore how digitalization … Read more
The 71st Session of the Harmonized System Committee recently concluded with great success. The committee met virtually to discuss important matters related to the Harmonized System (HS), which is used to classify goods traded internationally. The HS is a globally accepted standard used by customs authorities to determine the appropriate customs duty and other charges … Read more